$\log_{b^y}{m^x}$ $\,=\,$ $\Big(\dfrac{x}{y}\Big)\log_{b}{m}$
The double power rule of logarithms is a mathematical identity which is used to find the value of logarithm of a quantity by expressing quantity and base quantity of logarithmic term in exponential notation.
$p$ and $q$ are two quantities and assume they are expressed in exponential form as $m^{\displaystyle x}$ and $n^{\displaystyle y}$ respectively.
$p \,=\, m^{\displaystyle x}$ and $q \,=\, n^{\displaystyle y}$
The value of logarithm of $p$ to $q$ is written as $\log_{q}{p}$ in mathematics. Actually, $p \,=\, m^{\displaystyle x}$ and $q \,=\, n^{\displaystyle y}$.
Therefore, $\log_{q}{p}$ $\,=\,$ $\log_{n^y}{m^{\displaystyle x}}$
Take $t \,=\, b^y$ and the logarithmic function can be written as follows.
$\implies \log_{b^y}{m^{\displaystyle x}}$ $\,=\,$ $\log_{t}{m^{\displaystyle x}}$
According to Power law of Logarithms, the log of a quantity in exponential form to a base is equal to the product of exponent and log of the base of exponential term to same base.
$\implies \log_{b^y}{m^{\displaystyle x}}$ $\,=\,$ $x\log_{t}{m}$
Now, replace the actual value of the base $t$.
$\,\,\, \therefore \,\,\,\,\,\, \log_{b^y}{m^{\displaystyle x}}$ $\,=\,$ $x\log_{b^y}{m}$
It is time to find the value of log of $m$ to a base which is expressed in exponential form as $b^{y}$. It can be done by the base power rule of logarithm.
$\,\,\, \therefore \,\,\,\,\,\, \log_{b^y}{m}$ $\,=\,$ $\Big(\dfrac{1}{y}\Big)\log_{b}{m}$
Now, recollect the results of above two steps once.
$(1) \,\,\,\,\,\,$ $\log_{b^y}{m^{\displaystyle x}}$ $\,=\,$ $x\log_{b^y}{m}$
$(2) \,\,\,\,\,\,$ $\log_{b^y}{m}$ $\,=\,$ $\Big(\dfrac{1}{y}\Big)\log_{b}{m}$
Now, combine both results to a log property to find the value of log of a quantity in exponential form to base in exponential form.
$\implies \log_{b^y}{m^x}$ $\,=\,$ $x \times \log_{b^y}{m}$
$\implies \log_{b^y}{m^x}$ $\,=\,$ $x \times \Big(\dfrac{1}{y}\Big)\log_{b}{m}$
$\,\,\, \therefore \,\,\,\,\,\, \log_{b^y}{m^x}$ $\,=\,$ $\Big(\dfrac{x}{y}\Big)\log_{b}{m}$
Thus, the double power rule of logarithms is derived in algebraic form and it can be used as an identity in mathematics.
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